Holland Village is likely to get a new medical centre, along with shops and food and beverage outlets in the same new mall. The move by Raffles Medical Group is in line with plans by the Government to inject further vibrancy into Holland Village. Raffles Medical announced that it is buying a property, 100 Taman Warna, from DBS Bank for $54.8 million. At the moment, a POSB branch is on the site. Raffles Medical will redevelop the property into a mall that will include space for the bank. The property is on a 99-year leasehold with 72 years left. The planned mall will have five above-ground levels, one basement level and two levels of basement car parks. With a gross plot ratio of 3, the planned building will have a floor area of 62,720 sqft. Raffles Medical will keep only 9,000 sqft of the space for medical purposes. It will lease out 4,500 sqft of the space to DBS for its banking operations. The rest will be available for retail shops and F&B outlets.... Continue Reading